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Kentucky Highlands Community Development Corporation

London, KY · EIN 61-1253192 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for the fiscal year ending March 31, 2025 (tax year 2024) · View the filing · Correct or respond

Kentucky Highlands Community Development Corporation reported $11.5 million in revenue and $1.3 million in expenses for the fiscal year ending March 31, 2025. Of every $100 it spent, $92.84 went to program services, $7.16 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 97.4% of the total. Government grants made up 9.8%. The highest compensation it reported for one person was $583,028 (PRESIDENT). Revenue rose 793% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending March 31, 2025 · Form 990, Part IX, line 25 · total expenses $1.3M

For context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending March 31, 2025 · Form 990, Part VIII · total revenue $11M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 2,433 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
92.8%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
7.2%11.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
97.4%29.9%
Government grants share of revenue
Part VIII 1e ÷ 12
9.8%3.8%
Program service revenue share
Part VIII 2g ÷ 12
2.6%58.9%
Highest reported compensation
Part VII-A, columns D–F
$583,028$301,601
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
45.40%1.38%
People paid over $100,000
Part VII, line 2
06
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
99.96.8
Independent voting board members
Part VI 1a–1b
14 of 14100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$1.2M expenses · 100.0% of program spending · grants $832K · revenue $300K

Khcdc promotes development of and assistance to local business enterprises which have the prospect of increasing the income of the area's residents and expanding their employment opportunities. As a supporting organization, khcdc also supports the affordable housing development efforts of its supported organization, Kentucky Highlands investment corp including providing affordable housing solutions with programs that specialize in turn-key homes, lower-income housing programs, mutual self-help housing programs, elderly housing and several energy efficient and/or community development projects

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 5.00 hrs/week
$0$504,125$78,903$583,028
EXEC. VICE PRESIDENT/CFO
Officer, 5.00 hrs/week
$0$475,965$79,899$555,864
VICE PRESIDENT, BUSINESS L
Officer, 5.00 hrs/week
$0$283,920$69,735$353,655
BUSINESS DEVELOPMENT SPECI
Highest compensated employee, 1.00 hrs/week
$0$176,699$53,092$229,791
SECRETARY
Officer, 5.00 hrs/week
$0$66,348$35,773$102,121
FORMER OFFICER
Former, 1.00 hrs/week
$0$90,000$0$90,000
DIRECTOR
Director/trustee, 1.00 hrs/week
$0$13,200$0$13,200
DIRECTOR
Director/trustee, 1.00 hrs/week
$0$4,950$0$4,950

0 people received more than $100,000 in reportable compensation from Kentucky Highlands Community Development Corporation (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$11M$1.3M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$11M$1.3M92.8%$11M$583,028
FY2024 ⓘ$1.3M$1.4M92.3%$498K$557,519
FY2023 ⓘ$1.5M$1.5M91.2%$1.7M$542,766
FY2022 ⓘ$1.2M$1.3M93.2%$1.7M$538,517
FY2021 ⓘ$1.4M$1.4M92.8%$1.7M$523,287
FY2020 ⓘ$1.3M$611K80.4%$1.7M$519,517

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50

Correct a figure or respond

Every number above is copied from Kentucky Highlands Community Development Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Kentucky Highlands Community Development Corporation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All unclassified charities · Largest charities in Kentucky

Questions people ask

How much of Kentucky Highlands Community Development Corporation's spending goes to programs?

In the fiscal year ending March 31, 2025, Kentucky Highlands Community Development Corporation reported that 92.8% of its $1.3 million in expenses went to program services, 7.2% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Kentucky Highlands Community Development Corporation pay its top executive?

The largest total compensation Kentucky Highlands Community Development Corporation reported for one person in the fiscal year ending March 31, 2025 was $583,028, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Kentucky Highlands Community Development Corporation get its money?

Of $11.5 million in revenue in the fiscal year ending March 31, 2025, 97.4% came from contributions and grants (including 9.8% from government grants) and 2.6% from program service revenue (Form 990, Part VIII).

Is Kentucky Highlands Community Development Corporation a registered charity?

The IRS lists EIN 61-1253192 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending March 31, 2025, object 202620459349300217 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending March 31, 2024, object 202530439349301708 · read the filing
  • FY2023: Form 990 for the fiscal year ending March 31, 2023, object 202440449349301854 · read the filing
  • FY2022: Form 990 for the fiscal year ending March 31, 2022, object 202310449349301111 · read the filing
  • FY2021: Form 990 for the fiscal year ending March 31, 2021, object 202220339349301077 · read the filing
  • FY2020: Form 990 for the fiscal year ending March 31, 2020, object 202140469349300009 · read the filing

All filings for EIN 61-1253192: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.